The GBP-JPY is trading in a rising channel And the husband rises to re-test The channel's ascending resistance line We expect a bearish pullback, but because this pair is in an uptrend The trade will be in the opposite direction of the first We will have to wait for confirmation of the formation of a bearish pattern to confirm selling to target areas below at 156.000
By looking at the price action, its easy to see that the pair has been moving in a bearish direction for serval days. Current price action suggests that we might be in for a short term bullish correction. We have spotted the formation of an inverse head and shoulder pattern on the Daily chart and when we move to the H4 time frame, this pattern is more clearer....
GBPJPY has given a breakout from the daily resistance area of 158.100. This level is holding the pair since 20th October 2021. Now we see a clear breakout from the range and expect the price will go to 159.900 level. Trade your levels accordingly.
Hello, am so happy with GJ it finally broke the major monthly trendline, it retested on the small time frames and is up 158.739 I predicted this weeks back there are links below how i came to this conclusion. GOD IS SO GOOD! I came to this conclusion solely using market structure and other confluences. I wish you happy trading although we meant see a price...
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
What I see: - 3 rejections from resistance zone - 4 rejections from support zone - Stochastic displays overbought in daily and overbought and crosses in the 4hr chart What I expect: - Stochastic to cross whilst overbought in the daily chart - Price to short towards the support zone
GJ Is moving towards to its Supply Area, This week we can either see a reverse from its supply area or its makes a new High this week ! Structure is completely Bullish right now, So we can take a Sell from its Supply Area. SL is 66 pips so manage your RR according to your Account Balance. Good Luck for the week !
GBPJPY is showing strong bullish momentum in all timeframes. Currently, it is over daily and weekly resistance and already tested once as support on the daily timeframe and formed a Doji. If this instrument opened with a gap to the upside tomorrow, we may see an aggressive move to the upside. Or we may see another retest of the daily resistance( 156.05) as...
GBPJPY is on bearish trend and mainly for fundamental reasons. the pair looks to be showing some reverse double bottom and the neckline retested. My idea here is to wait if the the it has able break out of the resistance trendline. The currently price is on strong level of Fibonacci 0.50 which the market is holding. then wait for the retest to long GBPJPY. The...
Hi guys you can see markeet move in impluse wave down side and now come back to mitigate order block area to go further down side....
Hello, right now we can see the Pound and the yen are respecting levels, currently its on a correction move then afterwards do a continuation to the upside. It did a price reversal at 61.8% on HTF i marked it with a red circle so I expect it pullback to upside solely basing on market structure. kindly let me know what you think. Jesus loves you, God bless you <3
📉 Expecting bearish price action on GJ as price takes out all the buy side liquidity on it's way and right now price is rejecting an important area of bearish orderblock 156.500 + imbalance fill. I also expect the JPYBASKET to make the bullish retracement meaning GJ should go down. What do you think ? Comment below..
GBPJPY_D1 Bullish Reversal Chyper Pattern, Target and SL Point Fixt, i'm sitting tight position long and set SL ,TP... Just your Openion in comments and if like idia follow me...Thank you
Hello, right now price is making an impulsive move and we want to see price break and retest, as price is on a sensitive area where it has tested as support and resistance several times in the past so we know price moves in three direction impulsive, correction and continuation. As of now we are in an impulsive move but hope to see correction and continuation to...
GBPJPY_D1 Double Top Breakout & Retest Possible Bearish Reversal Continuation, Share your openion in comments and if you like my idea follow me. Thank you :)
GBPJPY hrly long ⚠️ GBP news, half risk buystop @ 154.848 TP #1 @ 155.030 72.73% wr TP #2@ @ 155.485 50.91% wr SL @ swing low 154.063 23.64% hr
hello, GJ is about to divergence for a short while forming a bullish move then hit a major 4HR trendline after move to the downside due to the daily candle structure pattern which is supposed to respect structure levels.
Hey traders, here is the analysis for the GBPJPY. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks.